Global Oxygen Scavengers Market by Product Types, End-users and Regions – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast Till 2025

Global Oxygen Scavengers Market by Product Types, End-users and Regions – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast Till 2025

Oxygen scavenger products are expected to experience high demand as they aid in preserving the texture, color and taste of food and beverages, saving food from going waste because of oxidation or denaturing. Oxygen scavengers market is forecast to register a significant  expansion to reach a valuation of USD 3 billion globally by 2025.

Growing demand for packaged food brings the requirement for food preserving techniques, a factor likely to drive oxygen scavengers market forecast. Oxygen scavenger provides protection to food content from moisture and oxygen, minimizing the risk of microbiological contamination. As consumers are increasingly inclined towards ready-to-eat food, need for food preservation as well as extending shelf life is also escalating. Time constraints and ease of convenience are the key factors fueling the demand for packaged food and beverages in modern times.

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With the rising popularity of active packaging, food & beverage and pharmaceutical sectors are likely to offer major scope for oxygen scavenging product penetration. Risk of oxygen scavenging sachets getting ruptured and accidental ingestion of the materials with food may affect product popularity. Also, some of the oxygen absorbers utilized for boiler feed treatment are harmful, which may hamper product consumption for these products in the coming years.

In industrial boilers, keeping up the optimum boiler efficiency is of utmost importance. Oxygen dissolved in feed water leads to damaging of boiler components and unnecessary breakdowns. If unchecked, oxygen also causes pitting of metal, resulting in rust formation. To maintain desired operational efficiency. Utilization of oxygen scavengers along with deaerators becomes necessary.

Rapid industrialization as well as expansion of manufacturing sector has facilitated the growth of boiler industry and the demand for oxygen scavengers. Industrial manufacturers are opting for the product in an effort to reduce repair & maintenance costs and enhancing productivity. Scavengers in canisters, bottle caps & labels and sachet forms are poised to showcase consistent growth rate over the analysis period.

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North America is likely to capture a major share of the oxygen scavenger market by 2025. The product is widely used in packaging of tablets and capsules. Rapidly developing pharmaceutical sector across the region is likely to generate heavy product demand. Also, huge government spending on research and development activities to boost pharmaceutical production will also complement business landscape.

Key manufacturers contributing towards the global oxygen scavengers industry share are Henkel AG & Co., Mitsubishi Gas Chemical Company, KGaA, Arkema, SUEZ Water Technologies & Solutions, Solenis LLC, and Sealed Air Corporation, among others.

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